New | Hip Shing Hong casts eye towards developments geared towards growing elderly communities in Asia Pacific

Being one of the oldest property developers in Hong Kong, Hip Shing Hong has been always thinking how to move forward.

From a commercial property investment company founded 68 years ago, Hip Shing Hong extended its reach to the services apartment sector a decade ago. A few years later, the company has diversified into the hotel industry, building and operating luxury boutique hotels in the city’s urban areas.

Managing director David Fong Man-hung said their diversified businesses have reaped satisfactory results in terms of reputation and business performance, but he said such achievements failed to stop the company moving forward.

New opportunities are expected from among the growing population of retirees as well as how to improve working environment through fast growing technology, according to Fong.

“We cannot just rely on rental growth generated from existing properties we own. We have to change, to grow and to enhance our competition, making ourselves relevant in the rapid changing world,” said Fong.

“For example, technology is changing everyday. How can we grab this opportunity to enhance our competition?” said Fong.